Infibeam posts 93% revenue gain, restructures around AI payments
Infibeam hived off its ecommerce marketplace into subsidiary Rediff.com, while deploying Rs 100 crore from a recent rights issue into AI development.
Infibeam Avenues posted a 93% year-on-year revenue jump to Rs 1,965 crore in Q2 FY26 on the back of surging payments volume, but profit rose just 51% as operating costs more than doubled.
The fintech firm also hived off its ecommerce marketplace into subsidiary Rediff.com, while deploying Rs 100 crore from a recent rights issue into AI development—including a new agentic payments platform that lets AI agents transact autonomously.
The steep jump in revenue came as the company pushed deeper into domestic and international payments, supported by higher transaction volumes across CCAvenue and BillAvenue. The surge reflects a mix of merchant additions, strong bill-payment traction and continued expansion in issuing and banking-infrastructure partnerships.
Costs, however, rose even more sharply. Operating expenses more than doubled to Rs 1,811.8 crore, up from Rs 882 crore, driven by payment-processing charges that scale directly with volume, and increased outlays tied to platform transitions and international operations. Total expenses climbed 97.5% to Rs 1,890.61 crore, eroding operating leverage despite higher throughput.
Profit before exceptional items increased 51.2% to Rs 95.36 crore, a slower pace than revenue, underscoring the pressure from elevated processing costs. Net profit attributable to shareholders rose 50.9% to Rs 66.52 crore.
The quarter was shaped by sweeping restructuring. Infibeam transferred its entire Platform Business Undertaking—its ecommerce marketplace and related technology units—to Rediff.com India, its own subsidiary, through a slump sale.
As a result, the platform business is now recorded as discontinued operations, and historical periods have been restated. The transfer also lifted Infibeam’s stake in Rediff to 82.66%.
The restructure included shifting Infibeam Projects Management—its backend platform-tech and project execution arm—into Rediff as part of the slump sale, converting it from a wholly owned subsidiary into a step-down subsidiary.
The company also deployed rights issue proceeds into group entities: Rs 69 crore went to Infibeam Projects for loan repayment, Rs 100.4 crore to AI and advanced technology subsidiary Nueromind for AI development, and Rs 87.6 crore to Rediff to support expansion of its digital and payments ecosystem.
Infibeam’s AI push centres on PayCentral.ai, a new agentic payments platform developed by its subsidiary Nueromind Technologies. The company describes PayCentral.ai as India’s first payment system built on Google’s AP2 Agent Payment Protocol, enabling AI agents to initiate, authenticate and complete transactions without human intervention.
In its investor presentation, Infibeam said the system is designed for “agent-to-agent (A2A) payments” that are automated, auditable and secure, with capabilities such as reasoning, perception and task-level execution.
Alongside the product rollout, Infibeam and the Entrepreneurship Development Institute of India (EDII) have launched an AI accelerator for early-stage companies and MSMEs working on applied AI solutions. The accelerator looks to deepen Infibeam’s ecosystem by encouraging startups to build products that can integrate with the company’s payment and AI infrastructure.
Infibeam has also signed a strategic MoU with Nawgati Tech, a YourStory Tech30 startup, under which the companies plan to deploy video-LLMs and agentic AI tools across the fuel, fleet and energy sectors.
At the same time, Infibeam secured key regulatory approvals that broaden its footprint. The company received in-principle authorisation from the RBI to issue prepaid payment instruments, and separately obtained IFSCA approval to operate as a Payment Service Provider from GIFT City, enabling participation in cross-border and international fintech flows.
Edited by Kanishk Singh